Edge Therapeutics, Inc. (NASDAQ:EDGE) – Stock analysts at Leerink Swann reduced their FY2017 earnings per share (EPS) estimates for shares of Edge Therapeutics in a research report issued on Wednesday. Leerink Swann analyst P. Matteis now expects that the biotechnology company will earn ($1.90) per share for the year, down from their prior forecast of ($1.89).

A number of other research firms have also recently weighed in on EDGE. Zacks Investment Research raised Edge Therapeutics from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. BidaskClub cut Edge Therapeutics from a “buy” rating to a “hold” rating in a report on Monday, August 14th.

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Edge Therapeutics (EDGE) opened at 10.73 on Friday. The firm’s market cap is $331.03 million. Edge Therapeutics has a 52-week low of $7.30 and a 52-week high of $13.50. The firm’s 50-day moving average price is $10.60 and its 200 day moving average price is $9.89.

Edge Therapeutics (NASDAQ:EDGE) last posted its quarterly earnings data on Tuesday, August 1st. The biotechnology company reported ($0.44) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.44).

Several institutional investors and hedge funds have recently added to or reduced their stakes in EDGE. Teachers Advisors LLC raised its holdings in shares of Edge Therapeutics by 8.2% during the fourth quarter. Teachers Advisors LLC now owns 28,353 shares of the biotechnology company’s stock valued at $354,000 after buying an additional 2,150 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Edge Therapeutics by 1.7% during the first quarter. Wells Fargo & Company MN now owns 11,942 shares of the biotechnology company’s stock valued at $109,000 after buying an additional 200 shares during the last quarter. TFS Capital LLC bought a new stake in shares of Edge Therapeutics during the first quarter valued at approximately $209,000. Eagle Asset Management Inc. raised its holdings in shares of Edge Therapeutics by 4.4% during the first quarter. Eagle Asset Management Inc. now owns 899,968 shares of the biotechnology company’s stock valued at $8,198,000 after buying an additional 37,536 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Edge Therapeutics during the first quarter valued at approximately $143,000. 49.38% of the stock is currently owned by institutional investors.

In other news, insider Brian A. Leuthner sold 7,500 shares of Edge Therapeutics stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $10.53, for a total transaction of $78,975.00. Following the sale, the insider now owns 125,236 shares of the company’s stock, valued at $1,318,735.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Brian A. Leuthner sold 2,500 shares of Edge Therapeutics stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $10.37, for a total value of $25,925.00. Following the sale, the chief executive officer now directly owns 117,736 shares in the company, valued at approximately $1,220,922.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,000 shares of company stock worth $319,190. Corporate insiders own 36.19% of the company’s stock.

About Edge Therapeutics

Edge Therapeutics, Inc is a clinical-stage biotechnology company that discovers, develops and seeks to commercialize hospital-based therapies capable of transforming treatment paradigms in the management of acute, life-threatening critical care conditions. The Company’s initial product candidates target rare, acute, life-threatening neurological and other conditions.

Earnings History and Estimates for Edge Therapeutics (NASDAQ:EDGE)

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